The Hindu Business Line : Call rates end lower

The inter-bank call rates ended lower at 3- 4 per cent, against Thursday's close at 6-6.10 per cent. Call rates, however, touched 8 per cent during the day. "Banks borrowed surplus funds since it was reporting Friday", said a dealer at a private bank.

In the first reverse repo auction under LAF, the Reserve Bank of India received and accepted 18 bids worth Rs 16,855 crore. There were no repo bids. The CBLO market saw 502 trades aggregating Rs 30,665.10 crore in the 0.40-8.25 per cent range. - Our Bureau

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